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.voJSS5& FEDERAL RESERVE statistical release ffti * • f^AL Rt&l . * * F o r Immediate r e l e a s e March 4 , 1977 H.5 Reserve P o s i t i o n s of Major Reserve City Banks Reserve Period Ended F e b r u a r y 23, 1977 (In m i l l i o n s of d o l l a r s u n l e s s otherwise noted) 46 banks Reserve excess or d e f i c i e n c y ( - ) 1/ Less: Borrowings from Reserve Banks Less: Net I n t e r b a n k Federal funds purchases or s a l e s ( - ) 2/ 8 banks i n New York Cltv 38 banks o u t s i d e New York 33 o t h e r 5 banks i n Chicago bank# 95 29 67 5 72 20 7 13 mm 13 16,755 5,611 11,144 5,742 5,402 -16,679 -5,589 -11,090 -5,747 -5,343 113.6 96.4 378.7 72.6 Equals: Net b a s i c r e s e r v e s u r p l u s or d e f i c i t ( - ) : a. Net amount b. As per cent of average r e quired r e s e r v e s ' 124.9 1/ Reserves held a f t e r a l l adjustments applicable to the r e p o r t i n g p e r i o d i n c l u d i n g a l l o w a b l e c a r r y - o v e r and d e f i c i e n c i e s , l e s s t h e sum of r e q u i r e d r e s e r v e s . A d j u s t e d t o i n c l u d e $ 5 5 . 9 m i l l i o n w a i v e r s of p e n a l t i e s f o r r e s e r v e d e f i c i e n c i e s i n a c c o r d a n c e w i t h Board p o l i c y change e f f e c t i v e November 19, 1975. 2/ F o r d e t a i l s s e e F e d e r a l Funds T r a n s a c t i o n s of Major R e s e r v e C i t y Banks. NOTE: -- A v e r a g e s of d a i l y f i g u r e s . S u b s t a n t i a l r e v i s i o n s have been made t o t h e s e r i e s b e g i n n i n g w i t h p e r i o d e n d i n g J a n u a r y 14, 1976. For r e v i s e d d a t a s e e F e d e r a l Reserve B u l l e t i n , A p r i l 1976. f * V 1 H.5(a) Federal Funds transactions of Major Reserve City Banks for the Week ended F e b r u a r y 2 3 , 1 9 7 7 (In millions of dollars) 4 6 banks 8 banks in New York City 3 8 banks outside New York | 5 banks in Chicago 3 3 other banks A. Interbank Federal funds transactions 1. Gross transactions a. Purchases b. Sales 2. Total 2-wav transactions 1/ 23,441 6,686 6,604 994 16,837 5,693 6,784 1,042 10,053 4,651 5,200 994 4,207 1,035 3,172 18,241 5,611 12,630 5,749 6,881 1,487 - - 1,487 7 1,480 3. Total net transactions a. Net purchases of net buying banks b. Net sales of net selling banks c. Net purchases or sales 16,754 5,611 11,144 5,742 5,402 1. Loans to dealers 2/ 2,437 1,602 835 174 661 2. Borrowings from dealers 3/ 1,775 648 1,127 488 639 662 954 292 314 22 (-) B. Related transactions with U.S. Government securities dealers 3. Net loans 1/ Derived from averages for individual banks for entire week. Figure for each bank indicates extent to which its weekly average purchases and sales are offsetting; that is, it is the lesser of the two amounts. Gross purchases less 2-way transactions equals net * purchases of net buying banks. Similarly, gross sales less 2-way transactions equals net sales of net selling banks. 2/ Federal funds loaned, net funds supplied to each dealer by clearing banks, repurchase agreements (purchases of securities from ^ dealers subject to resale) or other lending arrangements. 3/ Federal funds borrowed, net funds acquired from each dealer by clearing banks, reverse repurchase agreements (sales of securities, to dealers subject to repurchase), resale agreements, and borrowings secured by Gov't, or other issues. Note:—Averages of daily figures. ^ V
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